I feel like we know these already…but then again, there are rumors contradicting it. One of Samsung’s executives dropped word on the company’s Q1 2012 earnings call this evening (viaThe Verge) that the name of the next Galaxy device is indeed “Galaxy S III.” Samsung is set to launch the Galaxy S III at an event in London on May 3 as the successor to the popular Galaxy S II. According to Samsung’s earnings announcement this evening, the Galaxy S II helped lead to strong revenues for the January to March quarter. The company said that the Galaxy S III would see similar sales during the summer.

Samsung confirmed in a press release Wednesday evening that the Galaxy S III would feature the company’s all new 1.4GHz Exynos quad-core processor. Other rumored specs for the device include a 4.6-inch display, 1GB of RAM, 8-megapixel camera, 16GB of storage, and a 2,050mAh battery. It is unclear if Samsung will elect for Galaxy S III or Galaxy S3. I am hoping for the former.